Iran-Contra Investigation Day 1

1987-05-05T20:00:04-04:00https://images.c-span.org/Files/628/7684-366.jpgThe proceedings began with opening statements from Senate and House committee members, including chairmen Senator Daniel Inouye (D-HI) and Representative Lee Hamilton (D-IN). After two hours, testimony began with Major General Richard Secord, who was testifying voluntarily and without legal immunity. General Secord described the network of private companies, known as the “enterprise,” that was used to sell arms to Iran and channel money and supplies to the contras. Secord answered questions concerning the profits generated by the arms sales, the money that actually went to the contra supply effort, and money that remained in Swiss bank accounts.

The proceedings began with opening statements from Senate and House committee members, including chairmen Senator Daniel Inouye (D-HI) and Representative Lee Hamilton (D-IN). After two hours, testimony began with Major General Richard Secord, who was testifying voluntarily and without legal immunity. General Secord described the network of private companies, known as the “enterprise,” that was used to sell arms to Iran and channel money and supplies to the contras. Secord answered questions concerning the profits generated by the arms sales, the money that actually went to the contra supply effort, and money that remained in Swiss bank accounts. close